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Global Smart Wearables Market 2017-2021
January 20, 2017 | PRNewswireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Smart Wearables Market and Forecast to 2021" report to their offering.
The global market for smart wearables is projected to cross US$ 30 Billion by 2020
Initially, the adoption of these devices was confined to developed countries because of the high cost. However, with the decline in cost, vendors have shifted their focus to developing countries to increase their revenue and market base. The factors like growing IT spending, rising health concerns, growing popularity of smart wearables among consumers, an expanding smartphone user base globally, coupled with continuously declining prices of smart wearables are anticipated to propel demand for different types of smart wearables during the over the next six years.
Key Highlights of the Report:
- The smartwatches segment captured maximum share of the smart wearables market in 2015.
- Wearables suppliers are looking beyond the smart watches, focusing on hearables, which they see as the next big growth area in the smart wearables market.
- With growing adoption and rising disposable income levels, the smart wearable categories such as smart glasses and sports and fitness are also expected to gain significant pace through 2021.
- The combined market for global kids and pets wearables is likely to cross US$ 1 Billion mark by 2021.
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